Press release
Remote Towers Market Share 2022 at CAGR of 33.5%: Global Business Opportunities with Challenges, Explosive Trends and Size, Demand by Regions and Growth Analysis to 2029
The Global Remote Towers Market is forecast to reach USD 942.8 million by 2029 by rising at a compound annual growth rate (CAGR) of 33.5% throughout the forecast period from 2022 To 2029Remote Towers Market Overview
A remote tower is an advanced and cost-effective concept where air traffic services (ATS) are operated from a location other than the airport. Remote towers involve the use of airborne and ground capabilities to provide safe, economical and efficient air traffic management. The complete remote tower system consists of airport equipment, remote tower modules and network solutions. Technologies used for remote towers include several parameters such as high-resolution cameras, monitoring and weather sensors that provide tower personnel with additional information compared to traditional towers. Using remote towers, air traffic services (ATS) can access a full view from a set of fixed and mobile high-definition digital video cameras located on the remote-operated airfield. Fixed cameras provide the main view and any other additional views, such as driveway close-ups. Likewise, mobile cameras have also been mounted, which can be aimed as needed from the RTS position, just as binoculars could be used in a conventional tower.
The global Remote Towers market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.
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Industry Development
In November 2021, China Southern signed a purchase agreement with Thales Group for their selection of the NXT-800 Automatic Dependent Surveillance - Broadcast (ADS-B) Transponder from ACSS, an L3Harris Technologies and Thales company, during the fourth China International Import Expo (CIIE).
In October 2021, The Korean Airport Corporation (KAC) has conferred Indra Sistemas (Spain) a contract for the supply and installation of Indra Sistemas's Normarc Instrument Landing Systems (ILS) and Distance Measuring Equipment (DME) with a total value of roughly USD 7 million
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Remote Towers market manufacturers. The revenue created from the sales of Remote Towers Market has been calculated through primary and secondary research.
The market size assessment also considered leading players revenues as part of triangulation the key players considered are Frequentis Group, Saab Group, Searidge Technologies, Indra Systems, Avinor, Thales Group, Harris Corporation, Leonard Martin Corp., and Raytheon Corp and Others.
The Remote Towers Market has been segmented as below:
Remote Towers Market by Operation Type, 2020-2029, (USD Million)
Single Multiple
Contingency
Remote Towers Market by System Type, 2020-2029, (USD Million)
Airport Equipment
Remote Towers Modules
Network Solutions
Remote Towers Market by Application, 2020-2029, (USD Million)
Communication
Information & Control
Surveillance
Visualization
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Remote Towers Market: Regional Analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Remote Towers market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Geographically, the market is dominated by APAC, North America and Europe.
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Major Key areas that have been focused on in the report:
Raw material supply analysis
Major trends noticed in the Global Remote Towers Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.
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